Jobs & Earnings
I earn $12.50/hour. How much do I make in a 40-hour work week?
$500
State the formula for simple interest.
I = Prt
Calculate the after-tax cost of socks worth $13.99.
$15.81
What is EI for?
When you are unemployed and get financial assistance until you get a new job
What are the 3 main options you have when you want to get a car?
Buy new, buy used, lease
Name the 4 different ways of being paid for work.
Hourly, salary, piecework, commission
Calculate the simple interest earned on an investment of $1200, at 6% interest for 12 months.
$72 interest
What is the before-tax cost of jeans that are $52, if they are 30% off?
$36.40
My gross weekly pay is $460. If deductions are $138, what is my net pay?
$322
What is the after-tax cost a new car that is $23, 000? Add the safety standards certificate for $20.
$26 010
I earn $14.70/hour. What is my time and a half wage?
$22.05/hour
What is the total amount of a simple interest investment of $3000, earning 8.8% interest for 6 years?
$4584
Calculate the unit price of each can:
$4.99 for 12 cans of soup
$0.42 per can
Name the 4 main deductions that come off our paycheques in Canada.
CPP, EI, federal tax, provincial tax
Calculate the new value of a car worth $21, 900 if it depreciates by 18% this year.
$17 958
I earned 9.5% commission on $18,500 in sale. How much commission did I earn?
$1757.50
How long will it take $3200 to earn $1000 interest at 2.4% simple interest?
13 years
I bought running shoes in Buffalo for $129 USD. If the exchange rate is 1 USD = 1.27 CAD, how much did I pay in Canadian dollars?
$163.83 CAD
Calculate the provincial tax that is deducted from my annual pay of $65 500.
$3307.75
How many litres of gas are needed to travel 715 km if a vehicle uses 9.8L/100km?
70.07 litres
My annual salary is $67,850. What amount will be on my BI-WEEKLY pay stub (before deductions)?
$2609.62
Calculate the future value of a compounding interest investment of $4500, earning 5% interest, compounded semi-annually, for 4 years.
$4727.81
I bought a couch for $3800. If I put 15% down, how much do I have left to pay?
$3230
What is the mathematical relationship between gross pay, net pay and deductions?
Net pay = Gross pay - deductions
How many litres of gas can be purchases with $45 if gas is currently $1.21 per litre?
37.19 litres